http://static1.proactiveinvestors.co.uk/companies/news/75429/south-boulder-mines-chairman-increases-indirect-stake-through-on-market-trade-75429.html
South Boulder Mines chairman increases indirect stake through on-market
trade
By Proactive Investors December 15 2014, 4:00pm
South Boulder Mines (ASX:STB) non-executive chairman Seamus Cornelius has
increased its indirect interests in the company through an on-market
purchase.
Indirect interests of Cornelius acquired 100,000 shares in the company for
$18,180, or an average of $0.18 per share.
This increases his total direct and indirect interests to 5,442,799 shares.
He also holds 2 million unlisted options exercisable at $0.34 each that
expire on 29 November 2016 and 1.5 million unlisted options exercisable at
$0.278 that expire on 17 November 2017.
Earlier this month, the company commenced pilot testing of the Colluli
process design at the Saskatchewan Research Council in Saskatoon, Canada.
The Colluli Potash Project in Eritrea now hosts a highly-favourably suite
of potassium bearing salts for low cost production of potassium sulphate
(SOP or sulphate of potash) using simple mineral processing units
(flotation and mixing).
Commercial grade SOP has already been produced from Colluli salts at the
Saskatchewan Resource Council.
SOP achieves a substantial price premium over the more common potassium
chloride.
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Received on Mon Dec 15 2014 - 22:43:44 EST